On Wednesday, Globant received an upgrade to its Relative Strength (RS) Rating, from 68 to 79.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Globant can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Globant is trying to complete a cup with handle with a 238.32 entry. See if it can break out in volume at least 40% above average.
The company posted 10% earnings growth in its most recent report. Sales gains came in at 13%.
The company earns the No. 3 rank among its peers in the Computer-Technical Services industry group. Dave is the top-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
